NASDAQ:ATSG - Air Transport Services Group Stock Price, Forecast & News

Air Transport Services Group trades on the NASDAQ under the ticker symbol "ATSG."

Air Transport Services Group declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 28th 2018, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Air Transport Services Group Inc. (NASDAQ:ATSG) announced its quarterly earnings results on Wednesday, November, 6th. The transportation company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.04. The transportation company had revenue of $366.07 million for the quarter, compared to analysts' expectations of $344.72 million. Air Transport Services Group had a net margin of 7.30% and a return on equity of 21.41%. Air Transport Services Group's revenue was up 78.6% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. View Air Transport Services Group's Earnings History.

Air Transport Services Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Air Transport Services Group.

3 equities research analysts have issued 1 year price objectives for Air Transport Services Group's stock. Their forecasts range from $26.00 to $31.00. On average, they expect Air Transport Services Group's stock price to reach $29.00 in the next year. This suggests a possible upside of 30.7% from the stock's current price. View Analyst Price Targets for Air Transport Services Group.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Air Transport Services Group in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Air Transport Services Group.

News coverage about ATSG stock has been trending somewhat positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Air Transport Services Group earned a news impact score of 1.6 on InfoTrie's scale. They also assigned media headlines about the transportation company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Air Transport Services Group.

Air Transport Services Group saw a decline in short interest in December. As of December 13th, there was short interest totalling 1,610,000 shares, a decline of 6.4% from the November 28th total of 1,720,000 shares. Based on an average daily volume of 337,800 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.8% of the shares of the stock are short sold. View Air Transport Services Group's Current Options Chain.

Some companies that are related to Air Transport Services Group include United Parcel Service (UPS), FedEx (FDX), Expeditors International of Washington (EXPD), C.H. Robinson Worldwide (CHRW), XPO Logistics (XPO), Forward Air (FWRD), Hub Group (HUBG), Atlas Air Worldwide (AAWW), Echo Global Logistics (ECHO) and Park-Ohio (PKOH).

Based on aggregate information from My MarketBeat watchlists, some companies that other Air Transport Services Group investors own include Anworth Mortgage Asset Corp Reit (ANH), Fifth Third Bancorp (FITB), Automatic Data Processing (ADP), Procter & Gamble (PG), PNC Financial Services Group (PNC), Truist Financial (TFC), Huntington Bancshares (HBAN), Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW) and NVIDIA (NVDA).

Air Transport Services Group's stock is owned by many different of institutional and retail investors. Top institutional investors include Mercator Fund Cayman Master LP (1.08%), Roubaix Capital LLC (0.28%) and Commerzbank Aktiengesellschaft FI (0.07%). Company insiders that own Air Transport Services Group stock include Brady Thomas Templeton, Jeffrey C Crippen, Jeffrey J Vorholt, Joseph C Hete, Michael L Berger, Quint O Turner, Raymond E Johns Jr, Richard Francis Corrado, Robert K Coretz, Sarah Elizabeth Williams and W Joseph Payne. View Institutional Ownership Trends for Air Transport Services Group.

ATSG stock was sold by a variety of institutional investors in the last quarter, including Roubaix Capital LLC and Commerzbank Aktiengesellschaft FI. Company insiders that have sold Air Transport Services Group company stock in the last year include Brady Thomas Templeton, Jeffrey J Vorholt, Quint O Turner, Sarah Elizabeth Williams and W Joseph Payne. View Insider Buying and Selling for Air Transport Services Group.

ATSG stock was purchased by a variety of institutional investors in the last quarter, including Mercator Fund Cayman Master LP. Company insiders that have bought Air Transport Services Group stock in the last two years include Jeffrey C Crippen, Joseph C Hete, Michael L Berger, Raymond E Johns Jr and Robert K Coretz. View Insider Buying and Selling for Air Transport Services Group.

Shares of ATSG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ATSG stock can currently be purchased for approximately $22.18.

Air Transport Services Group has a market capitalization of $1.32 billion and generates $892.34 million in revenue each year. The transportation company earns $69.29 million in net income (profit) each year or $1.25 on an earnings per share basis. Air Transport Services Group employs 3,830 workers across the globe.View Additional Information About Air Transport Services Group.

The official website for Air Transport Services Group is http://www.atsginc.com/.

Air Transport Services Group's mailing address is 145 HUNTER DR, WILMINGTON OH, 45177. The transportation company can be reached via phone at 937-382-5591 or via email at [email protected]